Foresight Energy LP… today reported financial and operating results for the quarter ended September 30, 2014, setting new records for coal production, sales volume, sales revenue, and Adjusted EBITDA. Sales revenue for the quarter was $300.0 million, up 25% from the third quarter 2013. Increased sales revenue drove record Adjusted EBITDA of $105.0 million and net income attributable to the Partnership of $45.4 million, or $0.35 per unit. Net income included $16.0 million, or $0.12 per unit, of unrealized gains from its portfolio of coal sales derivatives.

“We are pleased to report third quarter results with new records for production, sales volumes, sales revenue, and Adjusted EBITDA,” said Michael Beyer, President and Chief Executive Officer. “The successful quarter was driven by continued strong performance at our mining operations including the contribution from Viking, our newest longwall, in its first full quarter of operation. Our high level of productivity continued as our Williamson, Hillsboro and Sugar Camp operations were the three most productive underground coal mines in the United States during the third quarter based on MSHA data for clean tons produced per man hour worked. Based on our ability to maintain our high productivity and low cost position, we have increased our distribution.”

]]>Chris Cline Athletic Complex Unveiledhttp://chriscline.org/2014/09/16/chris-cline-athletic-complex-unveiled/
Tue, 16 Sep 2014 12:39:47 +0000http://chriscline.org/?p=158In September 2014, the brand new Chris Cline Athletic Complex was officially named just before the Marshall University game against Rhode Island.

The Parthenon, Marshall University’s student newspaper, wrote a great article on the event:

Many said the dream could never be realized, but with diligence from generous benefactors belonging to the Vision Campaign of Athletics and Big Green Scholarship Foundation, the highly stacked financial odds were defied.

Just mere hours before Marshall University faced off against Rhode Island on Saturday, the brand new athletic complex adjacent to Gate E of the Joan C. Edwards stadium was officially named after its most generous donator, Chris Cline.

Cline is the majority owner of Florida-based company, Foresight Reserves LP. He also studied psychology at Marshall University.

Cline donated $8.5 million to the first major fundraising effort undertaken by Marshall Athletics and the Big Green Scholarship Foundation. His original contribution was $5 million, which came via the Cline Family Foundation, establishing new faculty and scientists for the upcoming MU Sports Medicine Institute. Later, another $3.5 million was given to the Vision Campaign.

Cline spoke after a proclamation given by Marshall President Stephen Kopp and the official naming from Athletic director Mike Hamrick. His words really touched on why the facility needed to be built.

“In Florida when I was speaking to recruiters and asking them what makes these players go north, they told me it’s because of the indoor practice facilities.” Cline also addressed the medical aspects of the facility.

“Certainly, you’ve got to have the medical

side along with the educational side to make the rest of it function long-term,” Cline said. “So, I talked to a couple of senators and we all discussed how we would incorporate it all to make it more of a logical chance to make it a long-term process, and truly, make it beneficial to Marshall University, not just football.”

The Chris Cline Athletic Complex is 102,000 square feet and includes a 120-yard practice field for the Thundering Herd football team with an impending track to circle it.

Not only was Cline present for the naming, but Kopp, as well as Marshall hall-of-famers Mike D’Antoni and Chad Pennington also accompanied the mining entrepreneur on stage.

“What a great day to be a son or daughter of Marshall,” Pennington said.

And it certainly was, for the present state of the facility wasn’t the only feature to cheer about.

“Not too many people understand how well rounded this project is,” Pennington said. “This project expects to produce student athletes that will be able to go out and be productive in the work force.”

Along with a track/football field, the facility will be an academic support center, a sports medicine research translation center and a hall of fame atrium. The 300-meter track and 1,400 foot hall of fame atrium are scheduled to be dedicated sometime in October. Scott Bolger can be contacted at bolger@ marshall.edu.

]]>Book a Luxury Cruise on Mine Gameshttp://chriscline.org/2011/09/20/booking-mine-games/
Tue, 20 Sep 2011 18:49:31 +0000http://chriscline.org/?p=136If you are thinking about taking a cruise consider chartering the luxury motor yacht, Mine Games owned by Chris Cline of Palm Beach, for a private cruise in the Caribbean and Mediterranean. Mine Games can accommodate up to 12 guests with 5 staterooms that all include ensuite baths and plasma televisions with independent satellite reception. With two formal dining rooms, several outdoor decks, poolside bar, Jacuzzi and so much more Mine Games will serve you and your guests in comfort and luxury.

]]>Marshall University Welcomes Cline Family Foundation Donationhttp://chriscline.org/2011/08/16/marshall-university-welcomes-cline-family-foundation-donation/
Tue, 16 Aug 2011 14:21:36 +0000http://chriscline.org/?p=125The Cline Family Foundation is pleased to announce a gift of $5 million to Marshall University to establish an endowment to support new faculty and scientists in the university’s planned sports medicine translational research center.

The Foundation has been established by the Cline Family to help give back to the state of West Virginia for all it has done for the success of Chris Cline and Foresight Energy LLC. The donation has been matched through the state’s “Bucks for Brains” Research Trust fund bringing the total value of the donation to Marshall to $10 million.

]]>Cline Family Foundation Donates $5 Million to WVUhttp://chriscline.org/2011/07/15/cline-family-foundation-donates-5-million-to-wvu/
Fri, 15 Jul 2011 17:40:09 +0000http://chriscline.org/?p=107The University of West Virginia was gifted $5 million from the Cline Family Foundation. The donation benefited WVU’s Department of Intercollegiate Athletics as well as their School of Medicine.

$3 million will go to the construction of a 64,000 square foot basketball practice facility. It will have gyms for both the men’s team and the women’s team, a weight training center, an athletic training center, several meeting areas, and a basketball hall of traditions. The Cline Family Foundation is providing the WVU basketball teams with a first-class home court on a daily basis.

Chris Cline developed a close relationship with a faculty member in the health department at WVU, and was compelled to donate $2 million to the School of Medicine. This donation was matched by the state’s Research Trust Fund, equaling a $4 million endowment. The department used this money to create a specialized chair for orthopedic surgery.

Chris Cline says he has “been fortunate to have lived and employed people in West Virginia and I owe the state of West Virginia and its people much for my success. I wanted to give something back that will be beneficial to the people of the State.” The WVU community is very appreciative of the Cline Family Foundation’s generosity.